Which One of the Following Conditions Is Not a Single

question 87

Multiple Choice

Which one of the following conditions is not a single requirement for verifying a financial lease according to Canadian accounting standards?

• A)there is reasonable assurance of asset title transfer at the end of the lease.
• B)the lessee will receive all or most of the asset's economic benefits.
• C)the lessor is guaranteed a profit on the lease equal to that of other investments.
• D)the lessor recovers the fair market value of the asset at the time of signing the lease, plus a return on that investment.

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Definitions:

Obversion

A logical operation that involves changing a categorical statement into its obverse by negating both the subject and predicate and changing the quality of the statement from affirmative to negative, or vice versa.

Contraposition

A method in logic for deriving a new statement by reversing and negating both the subject and predicate of the original statement.

Universal Proposition

A statement or proposition that asserts something of all members of a specific class or category.

Referents

Objects or events in the world that words or phrases refer to or denote.